BT boss under pressure after ‘endless cuts' and boardroom clear-out [Yahoo! Finance]
DEUTSCHE TELEKOM AG S/ADR (DTEGY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
Under Allison Kirkby, who is entering her third year as boss, the FTSE 100 giant's investment in full-fibre broadband is finally beginning to reap rewards after years of eye-watering spending. Shares have risen by 70pc since she took over. But beneath the surface, a more complex picture emerges. BT is facing fierce competition both from a powerful new mobile operator in VodafoneThree and from struggling but scrappy “alt-net” broadband rivals. As the end of its fibre rollout looms into view, Kirkby must now work out how to define BT's identity in a cut-throat market. And a confusing rebrand and radical boardroom clear-out haven't helped. Meanwhile, Sunil Bharti Mittal – the Indian telecoms billionaire who is now BT's biggest shareholder – has taken a seat on the board and is demanding more from Kirkby and Adam Crozier, the chairman. Kirkby has been keen to emphasise BT's resilience in a competitive market. But the business is losing broadband customers and, with a demanding sh
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